J.R.J. SHETLAND LIMITED

🌳Matureactive

SC219234 · ltd · incorporated 2001-05-16

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Retail trade of motor vehicle parts and accessories

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 23.6y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

7 officers (3 active, 7 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

61 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-05-31	2024-05-31
Average employees	11	1200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-12-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-10-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-06-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-10-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-10-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-10-17
➖
WILLIAMSON, Georgia Irvine resigned
director
2007-10-17
➖
WILLIAMSON, Magnus James resigned
director
2003-04-08
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2002-09-23
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2001-05-16
🏢
Company incorporated
As J.R.J. SHETLAND LIMITED
2001-05-16
➕
THOMASON, Lara appointed
secretary
2001-05-16
➕
THOMASON, Angus appointed
director
2001-05-16
➕
THOMASON, Lara appointed
director
2001-05-16
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2001-05-16
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2001-05-16
➕
WILLIAMSON, Georgia Irvine appointed
director
2001-05-16
➕
WILLIAMSON, Magnus James appointed
director
2001-05-16
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director
2001-05-16
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director

Owner dependency

84/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Lara Thomason Individual · British · DOB 01/1969 · age 57	25–50%	—	25-50% shares	16/05/2017
Mr Angus Thomason Individual · British · DOB 01/1965 · age 61	25–50%	—	25-50% shares	16/05/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

Active · Automotive · ZE postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BIXTER GARAGE LIMITED→ SC362464 · est 2009	—	—	—	4	16y	82	69y
BRAE GARAGE (SHETLAND) LIMITED→ SC181649 · est 1997	—	—	£742.5k	—	28y	82	65y
BURGESS GARAGE (SHETLAND) UNLIMITED→ SC376444 · est 2010 · no financials extracted	—	—	—	—	16y	82	88y
AITH GARAGE LIMITED→ SC367818 · est 2009	—	—	£154.9k	—	16y	80	65y
BESPOKE MOTOR CLASSICS LIMITED→ SC804983 · est 2024	—	—	£186	—	2y	75	59y
BURRA MOTOR REPAIRS LIMITED→ SC442953 · est 2013	—	—	—	500	13y	75	53y
JIM'S GARAGE(SHETLAND) LIMITED→ SC083633 · est 1983 · no financials extracted	—	—	—	—	42y	75	71y
CRS MAINTENANCE SERVICES LTD→ SC710441 · est 2021	—	—	£19.2k	—	4y	71	36y
DUENDELLURE AUTO DESIGN LTD→ SC863992 · est 2025 · no financials extracted	—	—	—	—	—	71	21y
CARS LAND LTD→ SC799478 · est 2024	—	—	—	—	2y	70	33y
J GRAY ENGINEERING LIMITED→ SC771514 · est 2023	—	—	—	100	2y	60	28y
CHRIS SINCLAIR TYRE SERVICES LTD→ SC515556 · est 2015 · no financials extracted	—	—	—	—	10y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →

🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2001-05-16

Jurisdictionscotland

Primary SIC45320 — Retail trade of motor vehicle parts and accessories

Registered office

Port Business Park

Gremista

Lerwick

ZE1 0PX

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-05-30

Last: 2025-05-16

Officers (3 active · 4 resigned)

THOMASON, Lara→

secretary · appointed 2001-05-16

View their other companies + combined net worth →

Active

THOMASON, Angus→

director · ~61y · appointed 2001-05-16

View their other companies + combined net worth →

Active

THOMASON, Lara→

director · ~57y · appointed 2001-05-16

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2001-05-16 · resigned 2001-05-16

Resigned

WILLIAMSON, Georgia Irvine→

director · ~81y · appointed 2001-05-16 · resigned 2007-10-17

Resigned

WILLIAMSON, Magnus James→

director · ~83y · appointed 2001-05-16 · resigned 2007-10-17

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2001-05-16 · resigned 2001-05-16

Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	08/04/2003	—
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	23/09/2002	—

Click column headers to sort. Use filters above to narrow by status and lender.